Inflation Causes Debate

Could this just be an example of inflation taking place in the US economy due to the COVID response?

I don't the this cause of inflation is settled. Right now it's higher energy prices, in large part caused by the Ukraine war. Then covid recovery caused a big demand increase, and the shipping industry building ever larger ships that can only go to the LA ports on the west coast led to a delivery shortage, which led to a squeeze, then a worldwide shortage of ICs caused auto manufacturers to have a shortage, the Ukraine war even caused wiring harness shortages. It's one thing after

I’m no economist but I’m fairly certain the recent inflation is the fallout from thishttps://wallstreetonparade.com/2022/01/these-charts-are-the-...

The article is talking about price inflation while the comments are talking about monetary inflation, which IMO is the main cause of the price inflation. The article asserts only that price inflation is the result of disrupted supply chains due to COVID, obviously a non negligible factor but it is highly irresponsible to leave out the leading cause, the greater than 40% increase in the supply of USD.Of course their forecast went up. They knew it would. Everything a political entity says is po

I thought this inflation was supply driven??

Source? Is this because QE isn’t entirely to blame and there were legitimate supply problems because of the pandemic. Similar to how Friedman explains wars can have an effect on prices that are perceived as temporary inflation?

They were not the cause - that was the heedless use of stimulus funds and the supply chain problems leading to (the former) an increase in demand and (the latter) a reduced supply - but now that inflation has reared its head it needs to be tamed. As it stands now it is better to purchase 'today' instead of 'tomorrow' since prices rise while there is no benefit in keeping funds in interest-bearing accounts given the low interest rates. As long as this remains true demand will

Inflation was caused by lockdowns and the excessive money creation that happened during that time and nothing else. In Britain, they're still trying to blame Brexit for inflation, despite every other nation that wasn't involved in Brexit seeing similar levels of inflation.Clearly this wasn't a Biden policy, but it wasn't really a Trump policy either. It was a WHO/WEF policy that was force-fed to everyone, and supported by all Democrats and most Republicans. A major mi

I think there is more than one reason for the current inflation. The supply crunch is one factor. The stimulus is another. In particular the Biden stimulus is considerably different than the Trump stimulus in that it gave the money to people who would spend it on goods and services instead of people who would just stuff it into their market accounts. This caused a demand spike right at a time when supply was unusually constrained.Unfortunately as the stimulus was known to be a short term

The last COVID stimulus package added from 1 to 4% to inflation, but that was transitory. The wider rise was largely due to other factors such as supply chain disruptions from the pandemic and Russia's invasion of Ukraine. The latter significantly raised oil prices worldwide which in turn raised costs for all kinds of things.Here's an article that covers a lot of the factors [1].[1] <a href="https://www.poynter.org/fact-checking/2024/joe-biden-kamala-harr